Bloomberg: Pound Extends Its Record Loss in Wake of Brexit

Bloomberg reported that Sterling fell 3.5% in London, continuing the downward trajectory brought on by the UK’s decision to cut ties with the European Union.

Private Equity and Asset Based Lending in the European Union

Hugh Larratt-Smith examines asset-based lending in the European Union’s private equity sector. While private equity exits are on the rise, he says the disciplines of ABL can provide PE firms with an excellent, objective sounding board and a valuable tool for smart investing.

WSJ: Europe Builds Own Chapter 11

The Wall Street Journal reported that with the number of distressed businesses in Europe soaring, the continent’s bankruptcy laws are getting a makeover. And the model is Chapter 11 of the U.S. Bankruptcy Code.

Reuters: Global M&A Volume Rises on Large U.S. Deals

Reuters reported that U.S. deal activity surged 62% during the first quarter bolstered by a series of deals valued at over $5 billion.

Great American Group Subsidiary Names Director of Valuations

GA Europe Valuations, a subsidiary of Great American Group, said it has hired Gordon Titley as director of valuations.

State of the Factoring Market — Yin & Yang in 2012

Working Capital Solutions’ Tom Siska provides both the yin and the yang for the factoring industry in 2012. The good news: Things will not be as bad as the Great Recession of 2008 and 2009. The bad news: Things will most likely get worse in 2012 before they get better, and no one knows when that will be.

September 2007